Ericsson announces settlement with impact in second quarter 2021
- Settlement with Nokia of EUR 80 m (SEK 0.8 b equivalent) related to 2019 resolution with the U.S. authorities
- Impact of EUR 80 m on EBIT and EUR 26 m on cashflow in Q2 2021
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STOCKHOLM, May 12, 2021 /PRNewswire/ Ericsson (NASDAQ: ERIC) has reached an agreement with Nokia for settling a damages claim against Ericsson. The settlement relates to events that were the subject of a 2019 resolution with the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) of investigations into Ericsson s violations of the U.S. Foreign Corrupt Practices Act (FCPA).